Report Says Countrywide Loans Used to Win Favor

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Countrywide Financial, which helped create the sub-prime mortgage crisis, discounted hundreds of loans to members of Congress and officials of Fannie Mae, protecting its business and fending off regulation. That's the result of three years of investigation by a House committee chaired by Republican Darrell Issa of California. Clea Benson reports for Bloomberg News.

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Guest:
Clea Benson - Bloomberg News

Host:
Warren Olney

Producers:
Caitlin Shamberg, Lata Pandya, Sonya Geis